Brazil
Executive Summary Macron Still Favored, But Le Pen Cannot Be Ruled Out
Le Pen And Other Hurdles (GeoRisk Update…
Executive Summary Russia Not Prepared To Invade West Ukraine Yet
Imbalance Of Terror (GeoRisk Update…
Executive Summary Brazil: Are Political & Macro Risks Priced-In?
Brazil: The Road To Elections Won't Be Paved With Good Intentions…
Is The Rally In Brazilian Stocks Sustainable…
Executive Summary Upgrading Brazil Within An EM Equity Portfolio
Upgrading Brazil Within An EM Equity Portfolio…
Brazil: Hawkish Policy Is Negative For Domestic Demand…
Highlights Remain neutral on the US dollar. A breakout of the dollar would cause a shift in strategy. Russia’s conflict with the West is heating up now that Germany has delayed the certification of the Nord Stream II pipeline. As long as the focus remains on the pipeline, the crisis will…
Bolsonaro Will Abandon Fiscal Discipline Amid Plummeting Popularity…
Highlights Faced with record low approval ratings, President Bolsonaro will try to cling to his seat by all means possible, and his attacks on state institutions will escalate. This will further destabilize the socio-political situation in Brazil. We maintain that Bolsonaro…
Highlights Asian and European natural gas prices will remain well bid as the Northern Hemisphere winter approaches. An upgraded probability of a second La Niña event this winter will keep gas buyers scouring markets for supplies (Chart of the Week). The IEA is pressing Russia to make more gas…